Duplex on double block; investment/ land banking opportunity

AGENT’S CHOICE: 57-59 Court Road, Nambour. Contact agent for price guide.

This single level duplex on an 810m2 double block zoned Medium Density Residential, offers an opportunity to value-add and/or redevelop (stca) whilst generating a holding income via rental.

The building has 2 one-bedroom, one-bathroom units; with Unit 1 currently tenanted until June 2027 at $415 per week, Unit 2 is vacant and has formerly been achieving a rental income of $500 per week.

Both units are virtually identical, but Unit 1 has a carport and Unit 2 has a second living area which was formerly a carport. The units are in basic but comfortable, liveable condition with features including security screens, ceiling fans, and internal brick walls.

The block is flat with a leafy, ultra-private backyard and a communal garden shed. There is room on the driveway (both sides) to park a vehicle. There is plenty of room at the rear to create individual alfresco zones and fence each side.

Located on the eastern side of town just a five-minute walk to Nambour Plaza, and 10 minutes' walk to the train station.

The long-term investor owner is motivated to sell, and the vacant unit is rent-ready in its current condition, and securing a tenant in this tight rental market will not be an issue.

Contact Century 21 Living Local agents Sheree Jones on 0493 427 400 or Gary De Paoli on 0408 731 412 to inspect.